Demand for mobile phones is the quantity of the mobile phones that people are willing and able to buy in a certain period of time, ceteris paribus. When the demand for mobile phones is price-elastic, it means a small change in the price of the mobile phones will cause a significant change in the quantity demanded of the mobile phones. Alternatively, if a large change in the price produces only a small change in the quantity demanded, then the relationship is inelastic. The price elasticity of mobile phones depends on a range of factors such as availability of substitutes. For example, when Apple first released their new product the ‘iPhone’ not too long ago, the technology was one of a kind.
Their target market’s needs have been met by cellular phones much cheaper and more convenient to carry around, providing greater value to them. Iridium also had no competitive advantages. They cannot charge lower prices because their fixed costs are too high. The Iridium service was also far from perfect. Since Iridium’s technology depended on the line-of-sight between the mobile phone and their satellites, customers often reported dropped calls and poor reception inside buildings, cars, and in many urban areas.
However, that market is high competitive and almost commodity-like. Company A would need to consider reducing its labor force or even moving its operation to low cost-region in order to be competitive in the iPod/iPhone headphone market. Another new customer group is the people who use noise-cancellation headphones. There are limited players in this market. Also, the quality of noise cancellation headphones vary a lot and the customers are willing to pay higher price for good product.
Bonds are not better than GIC(s). Bonds offer lower interest rate, so low that it is better to just invest our money in a TD Savings Account. Mostly investors do not even consider Bonds as there more much better investment opportunities. GIC(s) offer more interest rates, more options and so there is more demand for GIC(s). 7) What is the most popular age group for buying GICs?
• The closer the degree of substitutability, the more price elastic the demand for the good. ( E.g : Nokia VS IPhone = Not close! ) Need for the good • The demand for cigarettes and liquors which are habitually consumed by users is, Price Inelastic. • The greater the need for the good, the more price inelastic will be the demand for the good. Proportion of income
The kiosk was the other method that had good results but was also expensive when you see the total cost. Western Washington seem to have better results for hiring when it comes to referrals and kiosk but spend a lot of money on both. Eastern Washington division differs from western when it comes to its recruiting methods. The eastern division results show that they only used media, referrals, and kiosk methods. More people applied using the media, but
Matav were not the only option for people when it came to mobile services any more. Prior to T-Mobile’s arrival, Matav was pretty much able to become a monopoly and able to elevate its prices for services, much more than they should be. T-Mobile was naturally able to give customers and much more reasonable and affordable price for customers. This eventually forced Matav to drop their once higher
It has created a culture where it is difficult for both parties to work. The next problem was the discrepancies over the choice of territories. While the territories are meant to be divided by the Sales and Market Analysis Record System, the veterans were taking the better and more convenient territories. This put the younger sales people at a disadvantage. The veterans were taking the better clients giving themselves a better commission.
The customers in this sector are not keen to use disruptive products since they do not fully understand the application. Disruptive technology offers a very different attributes than what customers require and hence they often perform poorly in one or the other areas. Performance trajectory required by mainstream market: Mainstream market requires that the newer technology performs as per their requirement or have the attributes that the market is familiar with and make the customer willing to use the product. These three concepts are interrelated but we never compare the performance. Instead, we compare the performance improvement and see how they make the customers satisfied.
Diamond and other high-end jewelry purchases are expensive, and many customerswill trade off other factors for the Tiffany customer experience when making such purchases.Moreover, when spending thousands of dollars for a single item, customers often want to see andfeel what they are buying. Zales does not have the product variety and availability that Blue Nileprovides, nor does it have the brand name advantage that Tiffany enjoys. The weaker brand isreflected in the firm’s margins, which are lower than those of Tiffany. Blue Nile’s focus on lowprices is reflected in the lower margins it has relative to both Zales and Tiffany. Blue Nile operates out of one warehouse, with its entire